Limitation on Designation of Unrestricted Subsidiaries. (a) The Company may designate after the Issue Date any Subsidiary of the Company as an “Unrestricted Subsidiary” under this Indenture (a “Designation”) only if:
Limitation on Designation of Unrestricted Subsidiaries. (a) The Issuer may designate after the Issue Date any Subsidiary of the Issuer other than a Note Guarantor as an Unrestricted Subsidiary under this Indenture (a “Designation”) only if:
Limitation on Designation of Unrestricted Subsidiaries. The Board of Directors of the Parent Guarantor may designate any Subsidiary (including any newly formed or newly acquired Subsidiary or a Person becoming a Subsidiary through merger or consolidation or Investment therein) of the Parent Guarantor as an “Unrestricted Subsidiary” under the Indenture (a “Designation”) only if:
Limitation on Designation of Unrestricted Subsidiaries. (a) The Company may designate any Subsidiary of the Company to be an "Unrestricted Subsidiary" as provided below, in which event such Subsidiary and each other Person that is then or thereafter becomes a Subsidiary of such Subsidiary will be deemed to be an Unrestricted Subsidiary.
Limitation on Designation of Unrestricted Subsidiaries. (a) The Company shall not designate any Subsidiary of the Company (other than a newly created Subsidiary in which no Investment has previously been made) as an "Unrestricted Subsidiary" under this Indenture (a "Designation") unless:
Limitation on Designation of Unrestricted Subsidiaries. The Board of Directors of the Company may designate any Restricted Subsidiary to be an Unrestricted Subsidiary if that designation would not cause a Default. If a Restricted Subsidiary is designated as an Unrestricted Subsidiary, the aggregate fair market value of all outstanding Investments owned by the Company and its Restricted Subsidiaries in the Subsidiary so designated will be deemed to be an Investment made as of the time of such designation and will either reduce the amount available for Restricted Payments under the Section 4.4(a) or reduce the amount available for future Investments under one or more clauses of the definition of Permitted Investments, as the Company shall determine. That designation will only be permitted if such Investment would be permitted at that time and if such Restricted Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. The Board of Directors of the Company may redesignate any Unrestricted Subsidiary to be a Restricted Subsidiary if the redesignation would not cause a Default.
Limitation on Designation of Unrestricted Subsidiaries. The Company may cause TV Azteca to designate any Subsidiary of TV Azteca to be an "Unrestricted Subsidiary" as provided by this Section 4.17. "Unrestricted Subsidiary" means (a) any Subsidiary of TV Azteca designated as such by the Board of Directors of TV Azteca as set forth in this Section 4.17 and (b) any other Person that is then or thereafter becomes a Subsidiary of an Unrestricted Subsidiary. The Board of Directors of TV Azteca may designate any Subsidiary of TV Azteca (including any newly acquired or newly formed Subsidiary of TV Azteca) to be an Unrestricted Subsidiary unless such Subsidiary owns any Capital Stock of, or owns or holds any Lien on any property of, any other Subsidiary of TV Azteca which is not a Subsidiary of the Subsidiary to be so designated or otherwise an Unrestricted Subsidiary, provided that (1) such Subsidiary does not receive, and is not, and does not become, entitled to the right to receive, any payments in respect of television advertising or sales of television programming, except in such amounts that, in the aggregate for any fiscal year, when taken together with all such amounts for each other Unrestricted Subsidiary, are not material to TV Azteca and its Restricted Subsidiaries, taken as a whole, for such fiscal year and (2) either (A) the Subsidiary to be so designated has total assets of US$1,000 or less or (B) if such Subsidiary has assets greater than US$1,000, the Investment resulting from such designation would be permitted either as a Permitted Investment or in compliance with Section 4.09 hereof. The Board of Directors of TV Azteca may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided, however, that immediately after giving effect to such designation (x) TV Azteca could Incur US$1.00 of additional Indebtedness under the Indebtedness to Adjusted EBITDA Ratio set forth in Section 4.08(a) hereof and (y) no Event of Default shall have occurred and be continuing. Any such designation by the Board of Directors of TV Azteca shall be evidenced to the Trustee by promptly filing with the Trustee a copy of the TVA Board Resolution giving effect to such designation and an Officers' Certificate certifying that such designation complied with the foregoing provisions.
Limitation on Designation of Unrestricted Subsidiaries. The Corporation will not designate any Subsidiary of the Corporation (other than a newly created Subsidiary in which no Investment in excess of $1,000 has previously been made) as an "Unrestricted Subsidiary" under the Indenture (a "Designation") after the Issue Date unless:
Limitation on Designation of Unrestricted Subsidiaries. IRSA may designate after the Issue Date any Subsidiary of IRSA as an “Unrestricted Subsidiary” under the Indenture (a “Designation”) only if:
Limitation on Designation of Unrestricted Subsidiaries. The Borrower may designate after the Original Effective Date any Subsidiary of the Borrower as an “Unrestricted Subsidiary” under this Agreement (a “Designation”) only if:
